Packers DB breaks record with new extension

The Green Bay Packers have signed Jaire Alexander to a four-year contract extension, including a record signing bonus for the position.

Alexander was set to play on his fifth-year option, in which he would have earned $13 million. However, the veteran cornerback and his agent were not content with that situation, and approached Green Bay about a possible extension earlier this offseason.

Green Bay agreed, and would surely rather have the Louisville product in the building long-term, rather than having him hit the open market via free agency next offseason. So, the Packers inked Alexander to an extension on Monday morning.

Jaire Alexander contract with Packers

Alexander’s contract is a four-year, $84 million deal, which includes $31 million in 2022 with a $30 million signing bonus.

If that signing bonus sounds like a lot, that’s because it is. Alexander’s bonus is the highest ever for a player at his position. Per Adam Schefter, when combined with his fifth-year option, he’ll receive $42.5 million by next March.

https://mobile.twitter.com/PFF/status/1526212823692492800

Alexander’s cap hit for this year will be just over $1 million. So to recap; some cap gymnastics by Brian Gutekunst helped make Alexander the highest-paid DB in the NFL, but also allowed the Packers not to be over the cap this season.

And that’s why he’s qualified to be the GM, folks.